In the last 36 hours a variety of financial experts have begun to warn of coming tax increases directly tied to Obamacare. The latest is a proposed increase of tax rates on capital gains.

The current top rate of 15 percent is expected to increase to 24.5 percent for the 2011 tax year. If this happens, one can expect to see a drop in the amount of money flowing into the stock market as investors seek to find save havens for their cash.

Looking at my own portfolio, why would I want to hold my investments into 2011 when I could cash out this year and save money on my taxes? If this could kill the bull market we are currently experiencing remains to  be seen. But investment managers will be watching closely and they will have to decide on the best use of the money they manage. Also, large investment funds like CalPers and CalStrs could be seriously affected.

Lastly, no one is expecting Obamacare to lower prices OR taxes. The American economy is still in a fragle position. Anything that affects investor confidence in a negative way could lead us back to a bear market and a second-dip recession. Every investor needs to consult a professional advisor to seek advice on how to proceed.